What’s Next: Top trends in color cosmetics

Sarah Jindal, Mintel’s senior innovation and insights analyst for beauty and personal care, recently presented during a conference at Makeup in New York on the top trends in color cosmetics. After gathering sales data, conducting surveys and researching beauty trends globally, Mintel has found these to be some of the top trends impacting the cosmetics market.

The makeup/skin care hybrid
American women are taking their cue from Korea and rethinking their approach to beauty by putting skin care first. Instead of caking on the cosmetic products, women are looking for products that can give them a radiant glow and reduce the amount of color cosmetics they need. The “glowing mist” from Korean brands like Tony Moly and Innisfree are a product that is rising in popularity. These sprays are designed to give the skin a dewy, wet look while imparting long term skin care benefits such as anti-aging, sebum control and hydration.

It is also contributing to skin care brands like Perricone MD getting into the color game. Perricone MD has introduced their “No Makeup” range, a series of products that impart a hint of color while delivering skin care benefits.

Cosmetics brands embracing diversity
Women of color have long gotten the short end of the deal when it came to makeup designed for their skin tone — especially with foundation. The market is shifting and now brands that don’t cater to deeper skin tones are behind the curve rather than the norm – particularly with prestige cosmetics. Mexican-Kenyan actress Lupita N’Yongo has been the face of a very successful campaign for Lancome. Mass market brands are starting to catch up as well.

The “selfie-ready” face
“HD makeup” is a beauty buzzword that implies skin that is camera ready at all times. This is achieved through makeup that employs “blurring” technologies and ingredients like silicone – products that give skin a radiant finish and fool the eye by blurring imperfections rather than masking them. It started with primers and is now moving into foundations and other categories. The L’Oreal Skin Perfection range promises “pixel perfect skin”.

The defining factor — brows and contouring
Social media is definitely behind the huge jump in these product categories with an estimated growth of 90% in the number of available products on the market for contouring. Where there may have been a few products available for defining the facial features with brow shaping and contouring in 2013, now the market is saturated with nearly every brand offering some form of contour stick or contour palette as well as a myriad of pomades, gels, pencils and waxes for the brows. Nearly 6% of global eye color cosmetic launches in 2014 were eyebrow products, compared with 3% in 2012.

What’s Next is a weekly feature of Drug Store News, written by consumer beauty blogger Lonni Delane. The goal is to help give beauty merchants the cutting edge they need to stay ahead of the latest and greatest beauty trends.

Survey: Women largest group among those spending less this holiday season

PITTSBURGH — If it isn't bad enough that 28% of consumers plan to spend less this holiday season according to a new CivicScience poll of 2,500 consumers, the majority of those reporting that their families will be spending less are women. They are likely to be middle aged or older women, who are more likely to have children in college. Reduced spenders are also more likely to have a negative outlook on their personal financial situation and believe it’s a bad time to make a major purchase.

Reduced spenders are more than twice as likely to consider themselves frugal. So while they are generally more conservative in their spend, something about this year is making them tighten up even more. Perhaps it’s due to these additional attributes:

They are 54% more likely to believe it is a bad time to make major purchases given the current state of the economy;

They are also 50% more likely to say their personal financial situation will get worse over the next 6 months;

They are 42% more likely to say they manage their money poorly;

Those intending to spend less are 21% more likely to plan on doing 25%-75% of their holiday shopping online;

They are 33% more likely to always seek out online reviews before making purchases; and

They are slightly more likely (13%) to be very likely to tell friends/family about a product they are happy with.

According to the survey, 13% of consumers plan to spend more this year and as many as 45% of adult consumers plan to spend the same amount. A total of 15% don’t plan on doing any holiday shopping this year.

The consumer who will be spending more this holiday season than last is more likely to be a millennial with a lower than average income. Due to their age, there is a higher likelihood they recently began receiving a salary or their household income is increasing, which could be a factor in their higher spending intent.

Coty to acquire digital marketing agency Beamly

NEW YORK — Coty on Monday announced that it would be acquiring Beamly, a digital marketing company focused on increasing audience size and engagement for consumer brands, particularly on social media. The acquisition will bolster Coty’s engagement capabilities on digital media and Beamly’s team will work with Coty’s in-house marketing group to do so.

“The acquisition of Beamly will address the accelerating consumer shift in time spent from traditional media to real time digital and social media channels,” Coty’s EVP category development Camillo Pane said. “ [Beamly CEO] Jason [Forbes] and his team have proven capabilities and a proprietary platform that successfully targets and engages millennial consumers. Further, Beamly will help us to accelerate the growth of our e-commerce business, and be a positive contributor as Coty advances toward becoming a highly focused, pure-play leader and challenger in beauty.”

Forbes will continue to lead Beamly under Pane’s supervision and Beamly’s New York team will join Coty at its New York office, with the marketing company’s London team keeping their current headquarters.

“We have seen our platform disrupt vertical CPC/CPV benchmarks by 9x,” Forbes said. “With Coty, we will enjoy the scale to accelerate product innovation, expanding across clients in a 'mobile first' marketplace.”

Five teams of FIDM undergraduate students will be challenged to create a connected beauty concept for 2050, with the winner receiving monetary compensation, VIP entry at CPNA 2018 and tailored networking opportunities.

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